Professional Office/Retail Condo For
For Sale
$240,000
315 Park Avenue #C, Fort Lupton, CO 80621
Professional office/retail condo in historic downtown Fort Lupton.
Property Size1,101 SF
Price / SF$217.98
Days on Market461
Property Features for 315 Park Avenue #C
General Information
Standard status
Active
Size
1,101 SF
Taxes and HOA fees
Annual Taxes
$3,648
Building Details
Year Built
1980
Listing Agency:
RE/MAX MOMENTUM
(303) 517-0579
Listed By:
CHARLES WESTRUM · License #EA.100034754
Source:
Corcoran
Added: May 28, 2025
Changed: Mar 16
Last Checked: Apr 24 at 6:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX MOMENTUM
Investment Insights
Based on property information with market context.
This 1,101 square foot ground-floor condo unit is located in the Fort Lupton Professional Plaza. The space features four private offices, a large open conference/reception area, a kitchenette, and a private restroom. The building's front facade incorporates Spanish architectural elements. The property is centrally located in historic downtown Fort Lupton and is zoned O-R, which supports a range of professional uses, including medical, legal, financial, or service-based businesses. There are over 25 shared parking spaces available on-site. The association fees are under $150 per month. An adjacent unit with address 309 Park Ave, Unit B is also available for purchase to double the square footage. A month to month lease may be considered until the property sells.
Key Highlights
- Ground‑floor unit offering flexible space: four private offices, a large open area, kitchenette, and private restroom.
- Centrally located in historic downtown Fort Lupton, ideal for various professional businesses.
- Zoned O‑R, supporting a wide range of professional uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,920
$280.9K
Cap Rate 7%
$200,657
$200.7K
Cap Rate 9%
$156,067
$156.1K
Market Conditions
NOI Build-Up for 1,101 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.8K $18.00/SF
− Vacancy
−$1.1K −$0.99/SF
EGI
$18.7K $17.01/SF
− OpEx
−$4.7K −$4.25/SF
NOI
$14.0K $12.76/SF
Area
Weld County, CO
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,920
Cap Rate 7%
$200,657
Cap Rate 9%
$156,067
Alternative Uses
Best Use
Office B
$200.7K
$175.6K – $234.1K
NOI $14,046 @ 7.0% cap · market cap 5.85%
Second Best
Retail
$177.8K
$155.6K – $207.4K
NOI $12,444 @ 7.0% cap · market cap 5.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 80621, CO
13,343
Population
5,110
Households
2.6
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
126.6 sq mi
ZIP Area
105
Density / Sq Mi
$80,746
Median Household Income
$41,677
Median Earnings
$1,389
Median Rent
$425,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office/retail condo in historic downtown Fort Lupton.
Where is this office units located?
The property is located at 315 Park Avenue #C Fort Lupton, CO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Ground‑floor unit offering flexible space: **four private offices, a large open area, kitchenette, and private restroom.**; Centrally located in historic downtown Fort Lupton, ideal for various professional businesses.; Zoned O‑R, supporting a wide range of professional uses.
